206 3rd StConcordMI49237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Concord at 206 3rd St, Concord, MI, 49237 with 5% annual appreciation on a $234,900 basis while $2,000/mo rent supports operations. Total monthly income totals $2,000/mo and a $1,150/mo payment preserves $451/mo for cash returns. Annual cash flow comes to $5,408/yr on $77,869 deployed, and return on cash invested reaches 26.85% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,899 alongside rental yield of 10.22%. Five-year ROI measures 140.62% and total cumulative return in cash totals $109,497.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,000/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
